Attached files
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| 8-K - FORM 8-K - PROFESSIONAL VETERINARY PRODUCTS LTD /NE/ | d280696d8k.htm |
Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
| In re:
PROFESSIONAL VETERINARY PRODUCTS, LTD, A NEBRASKA CORPORATION,
Debtor, |
) Case No. 10-82436 ) ) CHAPTER 11 ) ) ) ) ) | |
| In re:
EXACT LOGISTICS, LLC,
Debtor, |
) Case No. 10-82438 ) ) CHAPTER 11 ) ) ) ) ) | |
| In re:
PROCONN, LLC,
Debtor, |
) Case No. 10-82437 ) ) CHAPTER 11 ) ) ) ) ) |
MONTHLY OPERATING REPORT FOR THE PERIOD
12/01/2011 THROUGH 12/31/2011
I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOLLOWING CONSOLIDATED OPERATING REPORT, CONSISTING OF ONE (1) PAGE IS TRUE AND CORRECT.
| Date Submitted 1/9/12 | /s/ Vicky Winkler | |||||
| Vicky Winkler, President/CEO | ||||||
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
CASE NAME: Summary Report for Professional Veterinary Products, LTD; Exact Logistics, LLC; ProConn, LLC
CASE NO.: 10-82436; 10-82438; 10-82437
Summary of Cash Receipts and Disbursements For The Above Noted Entity
For Period December 1-31, 2011
| Wells Fargo | FNBO | JP Morgan | Fulton Bank | Total | ||||||||||||||||
| BEGINNING BALANCE (11/30/11) |
$ | 0.00 | $ | 8,509,915.07 | $ | 0.00 | $ | 0.00 | $ | 8,509,915.07 | ||||||||||
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| RECEIPTS: |
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| 1. Receipts from Operations |
0.00 | 15,181.00 | 0.00 | 0.00 | 15,181.00 | |||||||||||||||
| 2. Receipts from Bulk Sale of Inventory |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 3. Receipts from Sale of Intangible Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 4. Receipts from Sale of De Minimis Assets (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 5. Receipts from Sale of Fixed Assets (1) |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 6. Receipts from Sale of Building |
0.00 | 4,445,712.56 | 0.00 | 0.00 | 4,445,712.56 | |||||||||||||||
| 7. Other Receipts |
0.00 | 1,963.00 | 0.00 | 0.00 | 1,963.00 | |||||||||||||||
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| TOTAL RECEIPTS |
0.00 | 4,462,856.56 | 0.00 | 0.00 | 4,462,856.56 | |||||||||||||||
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| TRANSFERS: |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| DISBURSEMENTS: |
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| 3. Line of credit Wells Fargo |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 4. Payments to Officers and Directors: |
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| a. Officers |
0.00 | 10,430.29 | 0.00 | 0.00 | 10,430.29 | |||||||||||||||
| b. Directors |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| Subtotal—payments to Officers and Directors |
0.00 | 10,430.29 | 0.00 | 0.00 | 10,430.29 | |||||||||||||||
| 5. Taxes—personnel |
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| a. Federal Income Tax |
0.00 | 4,234.62 | 0.00 | 0.00 | 4,234.62 | |||||||||||||||
| b. FICA withholdings |
0.00 | 822.39 | 0.00 | 0.00 | 822.39 | |||||||||||||||
| c. Medicare |
0.00 | 667.86 | 0.00 | 0.00 | 667.86 | |||||||||||||||
| d. Federal Unemployment |
0.00 | 1.41 | 0.00 | 0.00 | 1.41 | |||||||||||||||
| e. State Income Tax |
0.00 | 1,238.58 | 0.00 | 0.00 | 1,238.58 | |||||||||||||||
| f. State Unemployment |
0.00 | 14.07 | 0.00 | 0.00 | 14.07 | |||||||||||||||
| g. State Unemployment/Disability |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| h. Local Income Tax |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
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| Subtotal—taxes |
0.00 | 6,978.93 | 0.00 | 0.00 | 6,978.93 | |||||||||||||||
| 6. Necessary expenses: |
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| Inventory purchases |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Freight and supplies |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Wages, ETO, Commissions, Incentives, Fees (Net of income taxes withheld and reported above) |
0.00 | 6,797.26 | 0.00 | 0.00 | 6,797.26 | |||||||||||||||
| Benefits |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Professional and Trustee Fees |
0.00 | 235,110.84 | 0.00 | 0.00 | 235,110.84 | |||||||||||||||
| Credit card fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Bayer escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Payment of Sales Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Building Expenses |
0.00 | 3,691.92 | 0.00 | 0.00 | 3,691.92 | |||||||||||||||
| Building Lease |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Equipment Leases and Expenses |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Utilities Expense |
0.00 | 6,277.24 | 0.00 | 0.00 | 6,277.24 | |||||||||||||||
| Utilities Deposit |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Insurance |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Real Estate & Personal Property Taxes |
0.00 | 149,508.84 | 0.00 | 0.00 | 149,508.84 | |||||||||||||||
| Accounting and Tax Fees |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Income Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Wells Fargo Escrow |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Bank Fees/Interest |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| DVM Settlement |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Boehringer Ingeljeim-Inventory |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| Jelecos |
0.00 | 49,359.67 | 0.00 | 0.00 | 49,359.67 | |||||||||||||||
| Misc. G&A and Other fees |
0.00 | 9,278.03 | 0.00 | 0.00 | 9,278.03 | |||||||||||||||
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| Subtotal—necessary expenses |
0.00 | 460,023.80 | 0.00 | 0.00 | 460,023.80 | |||||||||||||||
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| TOTAL DISBURSEMENTS |
0.00 | 477,433.02 | 0.00 | 0.00 | 477,433.02 | |||||||||||||||
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| NET CASH FLOW |
0.00 | 3,985,423.54 | 0.00 | 0.00 | 3,985,423.54 | |||||||||||||||
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| ENDING BANK BALANCE (12/31/11) |
$ | 0.00 | $ | 12,495,338.61 | $ | 0.00 | $ | 0.00 | $ | 12,495,338.61 | ||||||||||
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| BANK BALANCES Per Bank Statement |
$ | 0.00 | $ | 12,495,338.61 | $ | 0.00 | $ | 0.00 | $ | 12,495,338.61 | ||||||||||
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